NOTE 13. INCOME TAX
INCOME TAX RELATING TO COMPONENTS OF OTHER COMPREHENSIVE INCOME
| Group | 2012 €'000 |
2011 €'000 |
|---|---|---|
| Movement in cash flow hedge reserve before tax (Note 34) | (439,821) | (338,689) |
| Movement in available for sale reserve before tax (Note 34) | 2,297 | 110 |
| Total movement | (437,524) | (338,579) |
| Deferred tax benefit (Note 26) | 107,451 | 68,884 |
| Total income tax relating to components of other comprehensive income | 107,451 | 68,884 |
The movement in the cash flow hedge reserve represents a temporary difference between the tax base of the derivatives where hedge accounting has been applied and their fair value in the financial statements. The movement in the available for sale reserve represents a temporary difference between the tax base of available for sale financial assets and their fair value. The Group has recognised a deferred tax asset on the temporary difference that arises on the cash flow and available for sale reserve.